The AIC, which is devoted to improving ties between the two arch enemies, was given a licence to establish a presence in Tehran by the US Treasury Department's Office of Foreign Assets Control (OFAC), which enforces US sanctions against countries such as Iran, Sudan and Cuba.

In order to counter the false accusations from Muddy Waters, Orient Paper is providing the public with access to the local Administration of Industry and Commerce ( "AIC") website for interested parties to verify the statutory audited financial statements that HBOP submitted along with its annual report filing: